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Demand Review Flashcards | StudBud

Explore/Demand Review

The demand for pepsi will decrease when the price of coca cola falls because:

All of the following will increase the demand for peanut butter EXCEPT:

Demand Review

5 terms·StudBud Administration·124 plays

A #economics review of the basics of demand.

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Questions 5

Answers

1
All of the following will increase the demand for peanut butter EXCEPT:
increase in consumer incomes
decrease in price of jelly.
report saying that peanut butter will help you lose weight.
decrease in price of peanut butter
2
The demand for pepsi will decrease when the price of coca cola falls because:
Pepsi and Coca Cola are subsititutes.
Pepsi and Coca Cola are compliments.
3
The law of demand says that price and quantity demanded move in
the same direction.
opposite directions.
4
If the price of coca cola falls:
the demand for coca cola will fall.
the demand for coca cola will rise.
the quantity of coca cola demanded will fall.
the quantity of coca cola demanded will rise.
5
Demand measures a consumers ________ & _______ to buy a good or service.
desire & income
willingness & income
willingness & ability
need & want